RE:RE:RE:RE:RE:23% gainGandork,
the broker and tsx are not the problem. Shamvanas shannigans and utter diregard for shareholder value, imho, are the problems...........................ad well as da fact dere are NO BUYERS.................................yopu always talk about no sellers............................lmfao.............................the problem is THERE ARE NO BUYERS!!!!!!!!!!!!!!!!!!!!...........................................NOT even a $250k order to clean this turd up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!................................................buyers are few and far between and many that are also are on the ask (id say the vast majority of buyers are also sellers and are just market making)
ganndolph1 wrote: Beluga2020 wrote: It does show what happens when there is little buying interest. If the buying interest was ever sustained, watch out. Still dreaming
Beluga2020,
It seems to me that you have the story entirely backwards!
As I look at the intraday trading action, I see a guy going out on his lunch break buying 100,000 shares of Orvana and causing the price to move 25 percent off the bottom! That is not evidence of "little buying interest", but an obvious manifestation of the lack of shares for sale at these depressed prices. It seems that today, our lunchtime buyer of ORVMF loaded up on another 26,000 shares and caused the price of ORVMF to increase to $0.227 USD.
The response from Canadian brokers was to increase the ask to 28 cents CAD on 100 share trades! What a bunch of heros on the TSX??!!
Maybe, the lunchtime buyer on ORVMF will decide to go in for another 100,000 shares tomorrow? The reality is that it doesn't require a huge amount of buying to move this stock significantly, and my guess is that our lunchtime buyer either knows something or sees the opportunity to invest in this stock based on the technicals.